News Archives for Print - 2016-05-02 - Business Recorder

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Print - 2016-05-02

India orders panic button on mobile phones amid women's safety fears

India orders panic button on mobile phones amid women's safety fears

All mobile phones sold in India from January 2017 must have a panic button enabling the user to call for help, the government has said, amid concern for women's safety after a series of violent crimes in recent years.

Published 02 May, 2016 12:00am

WHO warns of risk of 'marked increase' in Zika cases

WHO warns of risk of 'marked increase' in Zika cases

The UN's health agency warned on Monday of the potential for a "marked increase" in Zika infections, and the spread of the virus to new parts of the world, even as the outbreak declines in Brazil.

Published 02 May, 2016 12:00am

Music helps babies learn speech: study

Music helps babies learn speech: study

Babies who engage in musical play may have an easier time picking up language skills, suggested a study on Monday. US researchers compared nine-month-old babies who played with toys and trucks to those who practiced banging out a rhythm during a series of

Published 02 May, 2016 12:00am

Researchers use light to battle cancer

Researchers use light to battle cancer

In an intriguing approach to the fight against cancer, researchers for the first time have used light to prevent and reverse tumors using a technique called optogenetics to manipulate electrical signalling in cells. Scientists at Tufts University performe

Published 02 May, 2016 12:00am

Worsening depression may be dementia cue

Worsening depression may be dementia cue

People over 54 who suffer from steadily-worsening depression may run a higher risk of developing dementia, according to new research published on Saturday that suggested it may be an early symptom.

Published 02 May, 2016 12:00am

Cocktail of UV, Vitamin B zaps malaria in blood

Cocktail of UV, Vitamin B zaps malaria in blood

Blood donated by unknowing malaria carriers can be made safer with UV radiation and Vitamin B, said a study on Friday which may "revolutionise" transfusion safety in Africa. The technology, not yet commercially available, also holds promise for killing ot

Published 02 May, 2016 12:00am

El Nino dries up Asia as its stormy sister La Nina looms

El Nino dries up Asia as its stormy sister La Nina looms

Withering drought and sizzling temperatures from El Nino have caused food and water shortages and ravaged farming across Asia, and experts warn of a double-whammy of possible flooding from its sibling, La Nina.

Published 02 May, 2016 12:00am

Qatar investigates death at World Cup site as labour rights under scrutiny

Qatar investigates death at World Cup site as labour rights under scrutiny

The organisers of Qatar's 2022 World Cup said on Sunday they were investigating the death of an Indian labourer at one of its sites but denied it was caused by working conditions which the wealthy Gulf country is under pressure to improve.

Published 02 May, 2016 12:00am

EU set to drive forward visas for Turks in migrant deal

EU set to drive forward visas for Turks in migrant deal

Despite deep public misgivings in some countries, the European Union will this week drive forward a plan to grant Turks visa-free travel to Europe as a reward for having reduced a flood of refugees and migrants into Europe to a trickle.

Published 02 May, 2016 12:00am

Thousands battle deadly forest fires in India

Thousands battle deadly forest fires in India

Thousands of labourers backed by water-carrying helicopters were battling to control fires that have killed two people in India's northern Himalayan state of Uttarakhand, officials said Sunday.

Published 02 May, 2016 12:00am

Iran parliament urges ballistic missile improvements

Iran parliament urges ballistic missile improvements

Iran's outgoing parliament approved a motion Sunday to increase the capabilities of the country's ballistic missiles, a military programme that has been ruled dangerous by the United Nations.

Published 02 May, 2016 12:00am

France to build Australia subs but US to arm them

France to build Australia subs but US to arm them

Australia may have awarded France a bumper contract to build its next generation of submarines, but its highly secretive combat system will come from close ally the United States. French shipbuilder DCNS last week beat off Germany and Japan to secure the

Published 02 May, 2016 12:00am

Vietnamese rally against Taiwan firm over mass fish deaths

Vietnamese rally against Taiwan firm over mass fish deaths

Hundreds of people gathered Sunday in the Vietnamese capital to protest against a Taiwanese company suspected of involvement in a toxic leak that has hit the fishing industry along the central coast.

Published 02 May, 2016 12:00am

Philippine island rebels free 10 Indonesian hostages

Philippine island rebels free 10 Indonesian hostages

Islamist militants in the southern Philippines released 10 Indonesian hostages on Sunday, ending a month-long ordeal during which a kidnapped Canadian held by the same group was beheaded after a ransom deadline passed.

Published 02 May, 2016 12:00am

Ghanaian crowned first 'Miss Africa Continent'

Ghanaian crowned first 'Miss Africa Continent'

Barefoot, wearing traditional costumes including animal hide skirts and elaborately beaded head-dresses, the contestants strutted the stage before Ghanaian Rebecca Asamoah was crowned the first Miss Africa Continent. The 24-year-old dental hygienist beat

Published 02 May, 2016 12:00am

Taiwan sends patrol ships after boat seized by Japan

Taiwan sends patrol ships after boat seized by Japan

Taiwan Sunday sent two patrol ships to waters surrounding a Japanese atoll amid a dispute over the seizure of one of the island's fishing boats there.

Published 02 May, 2016 12:00am

Swiss hoteliers' group calls for action over strong franc

Currency

Swiss hoteliers' group calls for action over strong franc

The head of the main Swiss hoteliers' group has called for action to reverse the damage the strong franc is doing to the country's tourism industry. The Swiss National Bank abruptly abandoned its cap on the level of the Swiss franc against the euro in Jan

Published 02 May, 2016 12:00am

Recent rise in yen 'extremely worrying': Japan finance minister

Currency

Recent rise in yen 'extremely worrying': Japan finance minister

Japan's finance minister said late Saturday the recent sharp rise in the yen is "extremely worrying", adding Tokyo will take action when necessary.

Published 02 May, 2016 12:00am

South Korea trade slump deepens

South Korea trade slump deepens

South Korean exports fell at a sharper pace in April as fewer working days ate into shipments already suffering from weak global demand and low global commodity prices, and the trade ministry said it was not optimistic about conditions in May.

Published 02 May, 2016 12:00am

Iran oil exports to South Korea rise to 400,000 bpd

Iran oil exports to South Korea rise to 400,000 bpd

Iran's oil exports to South Korea have more than quadrupled to 400,000 barrels a day since international sanctions were lifted in January, Oil Minister Bijan Zanganeh was quoted as saying on Sunday by the Shana news agency.

Published 02 May, 2016 12:00am

Saudi Arabia says to provide housing to 100,000 poorer families

Saudi Arabia says to provide housing to 100,000 poorer families

Saudi Arabia's government will provide housing for 100,000 low-income families over the next year as part of a reform programme designed to strengthen the economy and reduce its dependence on oil, the Housing Ministry said on Sunday.

Published 02 May, 2016 12:00am

IEA chief says oil price bottoming depends on global growth

IEA chief says oil price bottoming depends on global growth

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.

Published 02 May, 2016 12:00am

ECB's Coeure hits back at German criticism

ECB's Coeure hits back at German criticism

Germany would lose out if the European Central Bank abandoned its inflation target while low interest rates are a boon, not just a burden, a top ECB policymaker said on Sunday, responding to a barrage of criticism from German officials.

Published 02 May, 2016 12:00am

Dubai's Emaar Properties first quarter net profit rises 17 percent

Dubai's Emaar Properties first quarter net profit rises 17 percent

Dubai's Emaar Properties, builder of the world's tallest tower, shrugged off a weakening local market to report a 17 percent increase in first-quarter net profit on Sunday as sales rose and its hospitality and retail units also prospered.

Published 02 May, 2016 12:00am

Oman cuts benefits for state agency employees

Oman cuts benefits for state agency employees

Oman is cutting benefits for employees of state agencies as part of an austerity drive designed to curb a big budget deficit caused by low oil prices, the Times of Oman reported on Sunday.

Published 02 May, 2016 12:00am

Iraq's southern oil exports rise in April to 3.364 million barrels per day

Iraq's southern oil exports rise in April to 3.364 million barrels per day

Iraq exported oil from southern fields at an average rate of 3.364 million barrels per day in April, higher than the March average of 3.286 million, Oil Ministry spokesman Asim Jihad said on Sunday.

Published 02 May, 2016 12:00am

Mike Ashley, Allan Leighton eye BHS stores

Mike Ashley, Allan Leighton eye BHS stores

Mike Ashley, the billionaire owner of sports goods chain Sports Direct, could step in to save BHS, the 88-year-old British retailer that collapsed last Monday, the Sunday Telegraph reported.

Published 02 May, 2016 12:00am

China's tax overhaul aims to cut business costs

China's tax overhaul aims to cut business costs

China has rolled out a value-added tax (VAT) system across all industries that previously had a business tax, in the most ambitious overhaul of its tax regime in three decades. The world's second-largest economy is stumbling through its slowest growth in

Published 02 May, 2016 12:00am

China's official factory activity expands but at slower pace

Exchange

China's official factory activity expands but at slower pace

Activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, an official survey showed on Sunday, raising doubts about the sustainability of a recent pick-up in the world's second-largest economy.

Published 02 May, 2016 12:00am

Juve jubilant as Milan see Europa dream fade

Juve jubilant as Milan see Europa dream fade

Coach Massimiliano Allegri watched Juventus celebrate winning a fifth consecutive title in Turin as former club AC Milan slipped into the Serie A doldrums and further out of contention for a place in Europe.

Published 02 May, 2016 12:00am

Rosberg makes it seven wins in a row

Rosberg makes it seven wins in a row

Formula One championship leader Nico Rosberg chalked up his seventh win in a row at the Russian Grand Prix on Sunday with team mate Lewis Hamilton fighting back from 10th on the grid to seal a Mercedes one-two finish.

Published 02 May, 2016 12:00am

Swansea safe as Ayew downs Liverpool

Swansea safe as Ayew downs Liverpool

Andre Ayew's double ensured Swansea are safe from the threat of Premier League relegation as Liverpool's weakened team crashed to a 3-1 defeat at the Liberty Stadium on Sunday.

Published 02 May, 2016 12:00am

Mane treble ruins City's warm-up for Real clash

Mane treble ruins City's warm-up for Real clash

Sadio Mane's hat-trick ensured Manchester City will face Real Madrid in the second leg of the Champions League semi-final on the back of a painful 4-2 defeat at Southampton on Sunday.

Published 02 May, 2016 12:00am

Kerber crashes out, Muguruza, Azarenka through

Kerb

Kerber crashes out, Muguruza, Azarenka through

Australian Open champion Angelique Kerber was dumped out of the Madrid Open in the first round by Czech Barbora Strycova 6-4, 6-2 on Sunday. Kerber had travelled to the Spanish capital in fine form having retained her title in Stuttgart last week.

Published 02 May, 2016 12:00am

Adelaide crowned A-League champions

Adelaide crowned A-League champions

Adelaide United were crowned Australian A-League champions for the first time on Sunday, holding off a never-say-die Western Sydney Wanderers 3-1 in a pulsating game. Guillermo Amor's team had home advantage and made the most of it, with 50,000 fans packi

Published 02 May, 2016 12:00am

Australia's Marsh out of IPL with side strain

Australia's Marsh out of IPL with side strain

All-rounder Mitchell Marsh will return home from the Indian Premier League (IPL) with a side strain and will be assessed ahead of Australia's tour of West Indies next month, Cricket Australia (CA) said on Sunday.

Published 02 May, 2016 12:00am

Murad, Rehman and Khaizra reach Shuhada-e-Army Badminton semis

Murad, Rehman and Khaizra reach Shuhada-e-Army Badminton semis

Murad Ali of NBP, Abdur Rehman of Wapda in men's singles and Khaizra Rashid in women singles qualified for the semi-finals of the All Pakistan Shuhada-e-Army National Badminton Tournament being played here at Peshawar Services Club Sunday.

Published 02 May, 2016 12:00am

Kohlschreiber wins third Munich title

Kohlschreiber wins third Munich title

Germany's Philipp Kohlschreiber won Munich's ATP tournament for the third time after downing Austria's Dominic Thiem in Sunday's final and was promptly presented with a pair of Bavarian lederhosen as part of his prize.

Published 02 May, 2016 12:00am

Barca edging towards title: Luis Enrique

Barca edging towards title: Luis Enrique

Barcelona coach Luis Enrique believes the Spanish champions took a big step towards retaining their title as they overcame 10-man Betis 2-0 on Saturday. Enrique's men still need to win their two remaining games against local rivals Espanyol and Granada to

Published 02 May, 2016 12:00am

Isfandyar wins Next Spring Summer 16 Golf title

Isfandyar wins Next Spring Summer 16 Golf title

The Next Spring Summer 16 Golf Tournament endorsed by NEXT -Team A ventures, concluded Sunday at the Lahore Gymkhana Golf Course and Isfandyar Khan succeeded in showing his golfing skills and through exhibition of quality golf he stamped his name on the 1

Published 02 May, 2016 12:00am

Transparency can prevent 'stupid' accusations: Nadal

Transparency can prevent 'stupid' accusations: Nadal

Fourteen-time Grand Slam champion Rafael Nadal believes his call for all his anti-doping tests to be made public is the only way to end the scourge of doping accusations in tennis. Nadal filed a lawsuit against former French sports minister Roselyne Bache

Published 02 May, 2016 12:00am

Sigma tightens 10-year bond on strong demand

Currency

Sigma tightens 10-year bond on strong demand

Sigma on Monday became the first high-grade Latin American corporate to tap the dollar market this year, amassing more than US $35bn of orders for a new US $1bn 10-year bond.

Published 02 May, 2016 12:00am

Sigma tightens 10-year bond on strong demand

Currency

Sigma tightens 10-year bond on strong demand

Sigma on Monday became the first high-grade Latin American corporate to tap the dollar market this year, amassing more than US $35bn of orders for a new US $1bn 10-year bond.

Published 02 May, 2016 12:00am

China securities regulator orders major commodities exchanges to control futures speculation

Exchange

China securities regulator orders major commodities exchanges to control futures speculation

China's securities regulator ordered the country's major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle.

Published 02 May, 2016 12:00am

China securities regulator orders major commodities exchanges to control futures speculation

Exchange

China securities regulator orders major commodities exchanges to control futures speculation

China's securities regulator ordered the country's major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle.

Published 02 May, 2016 12:00am

Mitsui to invest in Japan's corporate debt, super-long bonds

Mitsui to invest in Japan's corporate debt, super-long bonds

Japan's Mitsui Sumitomo Insurance Co plans to invest in Japanese corporate bonds and super long-term government bonds as well as foreign alternative assets this fiscal year, a senior executive said on Thursday.

Published 02 May, 2016 12:00am

Mitsui to invest in Japan's corporate debt, super-long bonds

Mitsui to invest in Japan's corporate debt, super-long bonds

Japan's Mitsui Sumitomo Insurance Co plans to invest in Japanese corporate bonds and super long-term government bonds as well as foreign alternative assets this fiscal year, a senior executive said on Thursday.

Published 02 May, 2016 12:00am

Gundlach says 'reasonable' to start moving into Treasuries

Gundlach says 'reasonable' to start moving into Treasuries

Jeffrey Gundlach, the influential head of DoubleLine Capital, said on Tuesday that investors looking to purchase Treasuries in the wake of the bond market's sell-off are making a prudent move.

Published 02 May, 2016 12:00am

Gundlach says 'reasonable' to start moving into Treasuries

Gundlach says 'reasonable' to start moving into Treasuries

Jeffrey Gundlach, the influential head of DoubleLine Capital, said on Tuesday that investors looking to purchase Treasuries in the wake of the bond market's sell-off are making a prudent move.

Published 02 May, 2016 12:00am

Gulf markets pull back; banks weigh on S Arabia, Abu Dhabi

Gulf markets pull back; banks weigh on S Arabia, Abu Dhabi

Gulf stocks were flat to lower on Sunday as investors booked profits after recent gains, ignoring a further rise in oil prices. Brent oil futures settled at $48.13 a barrel on Friday after reaching a 2016 peak at $48.50. They rose 21.5 percent in April, t

Published 02 May, 2016 12:00am

Red Rock Resorts raises $531.4 million in IPO

Red Rock Resorts raises $531.4 million in IPO

Red Rock Resorts Inc raised $531.4 million in its initial public offering on Tuesday, as the US stock market becomes more welcoming for new flotations following months of volatility that grounded several IPO hopefuls. Red Rock is the sixth company to go p

Published 02 May, 2016 12:00am

Swedish central bank's Jansson worried about crown

Currency

Swedish central bank's Jansson worried about crown

Sweden's central bank is ready to act if the crown strengthens sharply and threatens the current uptick in inflation, central bank Deputy Governor Per Jansson said on Thursday.

Published 02 May, 2016 12:00am

India's state fund, insurer buy one-sixth of power debt

India's state fund, insurer buy one-sixth of power debt

India's largest state insurer and its pension fund together bought about one-sixth of the bonds issued by regional governments for their power companies last fiscal year, a minister said on Thursday.

Published 02 May, 2016 12:00am

India's state fund, insurer buy one-sixth of power debt

India's state fund, insurer buy one-sixth of power debt

India's largest state insurer and its pension fund together bought about one-sixth of the bonds issued by regional governments for their power companies last fiscal year, a minister said on Thursday.

Published 02 May, 2016 12:00am

Investors eager for Argentina in landmark cash call

Currency

Investors eager for Argentina in landmark cash call

Global investors welcomed Argentina back to international credit markets, with demand for $60 billion of bonds far outstripping supply in the country's first debt auction since a 2001 default, the government said Tuesday.

Published 02 May, 2016 12:00am

HKEx to launch more yuan currency futures contracts

Exchange

HKEx to launch more yuan currency futures contracts

The Hong Kong Exchanges and Clearing Limited plans to introduce additional Renminbi currency futures contracts by June to provide more instruments to hedge foreign exchange risk. These new contracts will include euro-yuan, yen-yuan, Australian dollar-yuan

Published 02 May, 2016 12:00am

Citadel tops list of private US trading venues

Exchange

Citadel tops list of private US trading venues

Citadel Securities, one of the top market makers in US stocks and listed stock options, runs one of the largest stock trading venues in the country, according to a report released on Monday aimed at providing transparency into where stock trading occurs.

Published 02 May, 2016 12:00am

Wall Street week ahead: with weak earnings in tow, focus turns to jobs data

Wall Street week ahead: with weak earnings in tow, focus turns to jobs data

Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter.

Published 02 May, 2016 12:00am

Afghan forces battle to push Taliban from southern highway

Afghan forces battle to push Taliban from southern highway

Afghan security forces have been battling to push back Taliban fighters seeking to cut off the capital of the southern province of Uruzgan, officials said on Sunday as army units worked to clear roadside bombs from the main highway into the town.

Published 02 May, 2016 12:00am

Saudi Arabia kills two militant suspects, arrests third

Exchange

Saudi Arabia kills two militant suspects, arrests third

Saudi security forces killed two militant suspects and arrested a third in a two-day operation in south-western Bisha province, the Ministry of Interior said on Sunday, accusing them of involvement in deadly attacks claimed by Islamic State.

Published 02 May, 2016 12:00am

Kazakh leader evokes Ukraine as land protests spread

Kazakh leader evokes Ukraine as land protests spread

Kazakh President Nursultan Nazarbayev, facing a growing wave of protests against planned changes to land ownership, evoked the image of war-torn Ukraine on Sunday as he called for national unity.

Published 02 May, 2016 12:00am

Crisis-hit Venezuela sets clocks ahead to save power

Exchange

Crisis-hit Venezuela sets clocks ahead to save power

With their country gripped by an economic crisis, Venezuelans lost half an hour of sleep Sunday as their clocks were set forward to save power on President Nicolas Maduro's order. At 2:30 am local time, the oil-dependent South American nation shifted its

Published 02 May, 2016 12:00am

'Obama out': president gets in final laughs with US media

'Obama out': president gets in final laughs with US media

President Barack Obama cracked jokes and poked fun at rivals Saturday in his last appearance as US leader at the White House Correspondents' Association dinner, ending his performance with a mic drop and the words "Obama out."

Published 02 May, 2016 12:00am

Freight train derails in Washington

Freight train derails in Washington

A CSX freight train derailed on Sunday morning in northeastern Washington DC, with several cars overturned and leaking hazardous liquids near the Rhode Island Avenue Metro Station, the District of Columbia Fire Department tweeted.

Published 02 May, 2016 12:00am

Six killed in Texas floods as severe weather lashes central US

Six killed in Texas floods as severe weather lashes central US

A grandmother and four of her grandchildren were killed and another person also died in floods in Texas caused by storms that unleashed tornadoes, damaging hail and torrential rains on several central US states, officials said on Saturday.

Published 02 May, 2016 12:00am

First US-to-Cuba cruise ship in decades set to sail

Exchange

First US-to-Cuba cruise ship in decades set to sail

The first US cruise ship bound for Cuba in 50 years was set to sail from Miami on Sunday and give travellers a taste of local art, music and dance in a festive offshoot of the restoration of diplomatic relations. The Adonia, a vessel from the Carnival cru

Published 02 May, 2016 12:00am

Russia, US in bids to halt fighting in Aleppo

Russia, US in bids to halt fighting in Aleppo

Russia said Sunday it was working to freeze fighting in Syria's Aleppo as US Secretary of State John Kerry was due in Geneva in a bid to restore a nation-wide cease-fire.

Published 02 May, 2016 12:00am

Yemen government suspends 'direct' talks with rebels

Yemen government suspends 'direct' talks with rebels

Yemen's government suspended Sunday its participation in "direct" talks with Iran-backed rebels in protest at their take-over of a military base in the war-torn country despite a cease-fire, officials said. But government representatives will remain in Ku

Published 02 May, 2016 12:00am

Assef says government failing to appreciate criticality of human resource

Assef says government failing to appreciate criticality of human resource

World best scientists are amongst the Pakistani youth. Unfortunately most precious asset-the human resource is being continuously ignored by Pakistani rulers. These thoughts were expressed by former Foreign Affairs Minister of Pakistan Sardar Assef Ahmed

Published 02 May, 2016 12:00am

Purchase of wheat: Punjab government devises comprehensive policy

Purchase of wheat: Punjab government devises comprehensive policy

The Punjab government has devised comprehensive and solid policy with the consultation of farmer's organisations for the purchase of wheat in a transparent manner by providing all out facilities to the wheat growers.

Published 02 May, 2016 12:00am

Munir optimistic about economic Prospects

Exchange

Munir optimistic about economic Prospects

All economic indicators are positive and Pakistan is expected to reap its fruit and emerge as one of the strongest economy of the region, said S M Munir, Chief Executive Officer Trade Development Authority of Pakistan (TDAP). He was addressing the busines

Published 02 May, 2016 12:00am

Progressive farmers getting 70-80 mound per acre wheat: UAF VC

Progressive farmers getting 70-80 mound per acre wheat: UAF VC

There is a huge gap between ordinary and progressive farmers in terms of per acre yield and usual agricultural practices as the latter is getting 70 to 80 mounds wheat per acre compared to the average yield of 28 mounds.

Published 02 May, 2016 12:00am

JI Shoora condemns mass killings in Syria

JI Shoora condemns mass killings in Syria

The central Shoora of the Jamaat-e-Islami has strongly condemned the indiscriminate bombings in Syrian city of Halab causing large scale killings. While castigating the double standards of the world community headed by the US, the Shoora has appealed to t

Published 02 May, 2016 12:00am

Islamabad Highway: motorists demand ban on heavy traffic during peak hours

Islamabad Highway: motorists demand ban on heavy traffic during peak hours

Plying a car on Islamabad Highway, from Koral to T-chowk has become as difficult task as to perform in a Circus, and only a skilful driver can accomplish the task. Don't get excited after leaving the office for home if you are residing somewhere around th

Published 02 May, 2016 12:00am

'Plunderers' won't find refuge anywhere: JI chief

'Plunderers' won't find refuge anywhere: JI chief

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that those named in the Panama leaks won't find refuge in the US, the UK and even in Panama, and added that the JI would chase the plunderers of national wealth everywhere.

Published 02 May, 2016 12:00am

Hundreds of labourers take part in seminar, rally

Hundreds of labourers take part in seminar, rally

Hundreds of labourers including women workers on Sunday participated in trade unions' seminar at Hamdard Centre and later gathered at Gelani Park Jaild Road from where they took out rally till Shadman Chowk to mark the May Day.

Published 02 May, 2016 12:00am

PEF directs new FAS partners to deposit papers by May 5

PEF directs new FAS partners to deposit papers by May 5

The Punjab Education Foundation (PEF) has issued set of instructions for private schools qualifying the quality assurance test for educational partnership in expansion phase nine of Foundation Assisted School (FAS).

Published 02 May, 2016 12:00am

MCCI welcomes industrial estate in Rahim Yar Khan

MCCI welcomes industrial estate in Rahim Yar Khan

Multan Chamber of Commerce and Industry (MCCI) has welcomed the establishment of another industrial estate in Rahim Yar Khan and urged the government to ensure provision of all facilities to this industrial cluster within the shortest span of time.

Published 02 May, 2016 12:00am

NPO holds training programme on SMEs

NPO holds training programme on SMEs

National Productivity Organisation (NPO) organised a training programme in collaboration with IFC, SMEDA and Multan Chamber of Commerce & Industry (MCCI) to improve the management capacity and business performance of SMEs.

Published 02 May, 2016 12:00am

Senate body seeks funds for execution of CPEC's western route

Senate body seeks funds for execution of CPEC's western route

The Standing Committee of Senate of Pakistan on China-Pak Economic Corridor (CPEC) has demanded of the federal government to ensure timely releases of funds for execution of western route of CPEC which would pass through Balochistan to connect port city o

Published 02 May, 2016 12:00am

KP Tevta initiates competency-based training

KP Tevta initiates competency-based training

The government of Khyber Pakhtunkhwa is paying special attention to technical and vocational education and training for enhancement of better job opportunities for the skilled workforce of the province. Chairman of KP Technical Education and Vocational Tr

Published 02 May, 2016 12:00am

Exhibition

Exhibition

The National Painting Exhibition, jointly organised by Multan Chamber of Commerce & Industry (MCCI) and Artists Association Punjab (AAP) to introduce the creative work of local as well as national artists, concluded on Sunday with an awareness programme f

Published 02 May, 2016 12:00am

PC Peshawar organises fashion show

PC Peshawar organises fashion show

Pearl Continental Hotel in collaboration with Media Sniffers organised a fashion show to entertain the residents of the terrorism-hit city of the country. A large number of youth including government officials also turned up to the show to appreciate the

Published 02 May, 2016 12:00am

Imran invested SKMH donations in offshore companies: Sana

Imran invested SKMH donations in offshore companies: Sana

Punjab Law Minister and Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah has alleged that Pakistan Tehreek-e-Insaf (PTI) Chairman, Imran Khan has invested donations collected for Shaukat Khanum Memorial Hospital (SKMH) in offshore companies.

Published 02 May, 2016 12:00am

Panama Leaks a conspiracy to de-stabilise Pakistan: Pirzada

Panama Leaks a conspiracy to de-stabilise Pakistan: Pirzada

Minister for Inter-Provincial Co-ordination Mian Riaz Hussain Pirzada on Sunday said Panama Papers Leaks was an international conspiracy to de-stabilise Pakistan.

Published 02 May, 2016 12:00am

Two more model seminaries being established in Karachi, Sukkur

Two more model seminaries being established in Karachi, Sukkur

Two more model seminaries will be established in Sukkur and Karachi for imparting religious, contemporary and technical education among students, Chairman, Pakistan Mardasah Education Board (PMEB) Dr Aamir Tauseen said on Sunday.

Published 02 May, 2016 12:00am

RCCI-ICT Awards-2016: political parties must not lose sight of national interests: Rajwana

RCCI-ICT Awards-2016: political parties must not lose sight of national interests: Rajwana

The Rawalpindi Chamber of Commerce and Industry (RCCI) has organised second ICT Awards (Information Communication Technology Awards) at Aiwan-i-Quaid, F-9 Park Islamabad on Friday. Governor Punjab Malik Muhammad Rafique Rajwana was the chief guest on the

Published 02 May, 2016 12:00am

Punjab CM levels slew of allegations against PTI's Tareen, Aleem

Punjab CM levels slew of allegations against PTI's Tareen, Aleem

Punjab Chief Minister Shahbaz Sharif laid the foundation stone of Tehsil Headquarters Hospital in Manawan, here on Sunday. Secretary Communication & Works gave a briefing to the Chief Minister about the project.

Published 02 May, 2016 12:00am

Somon Air starts Dushanbe-Lahore operations from May 6

Somon Air starts Dushanbe-Lahore operations from May 6

Somon Air of Tajikistan will start its operations between two sister cities of Dushanbe and Lahore from May 6. According to the airlines sources, flights between both the cities will operate twice a week on every Monday and Friday.

Published 02 May, 2016 12:00am

Auto parts manufacturers: hurdles may be discussed on May 3

Auto parts manufacturers: hurdles may be discussed on May 3

The country's auto sector is still feeling sore at the "unfair" auto policy approved by the Economic Co-ordination Committee (ECC) of the Cabinet after setting aside the understanding reached between the industry and Chairman Privatisation Commission (PC)

Published 02 May, 2016 12:00am

Pak-Afghan talks on TIRs hit a snag

Pak-Afghan talks on TIRs hit a snag

Vice Chairman, All Pakistan Customs Agents Association (APCAA) and president, Frontier Customs Agents Group (FCAG), Khyber Pakhtunkhwa Zia-ul-Haq Sarhadi has said that the failure of Afghanistan in sending her proposals regarding trade access to India thr

Published 02 May, 2016 12:00am

Protesters quit Baghdad's Green Zone

Protesters quit Baghdad's Green Zone

Protesters were withdrawing from Baghdad's Green Zone on Sunday after breaking into the fortified area and storming Iraq's parliament in an unprecedented security breach the day before.

Published 02 May, 2016 12:00am

DTRE Scheme: exporters urge government to restore utilisation period

Exchange

DTRE Scheme: exporters urge government to restore utilisation period

One of the key budget proposals of the exporters is to restore utilisation period from 12 to 24 months of input goods consumed in finished goods to be exported under Duties and Taxes Remission for Exports (DTRE) Scheme as a major facilitative measure for

Published 02 May, 2016 12:00am

DTRE Scheme: exporters urge government to restore utilisation period

Exchange

DTRE Scheme: exporters urge government to restore utilisation period

One of the key budget proposals of the exporters is to restore utilisation period from 12 to 24 months of input goods consumed in finished goods to be exported under Duties and Taxes Remission for Exports (DTRE) Scheme as a major facilitative measure for

Published 02 May, 2016 12:00am

DTRE Scheme: exporters urge government to restore utilisation period

Exchange

DTRE Scheme: exporters urge government to restore utilisation period

One of the key budget proposals of the exporters is to restore utilisation period from 12 to 24 months of input goods consumed in finished goods to be exported under Duties and Taxes Remission for Exports (DTRE) Scheme as a major facilitative measure for

Published 02 May, 2016 12:00am

DTRE Scheme: exporters urge government to restore utilisation period

Exchange

DTRE Scheme: exporters urge government to restore utilisation period

One of the key budget proposals of the exporters is to restore utilisation period from 12 to 24 months of input goods consumed in finished goods to be exported under Duties and Taxes Remission for Exports (DTRE) Scheme as a major facilitative measure for

Published 02 May, 2016 12:00am

Armed guards at India dams as drought leaves farmers dry

Armed guards at India dams as drought leaves farmers dry

As young boys plunge into a murky dam to escape the blistering afternoon sun, guards armed with guns stand vigil at one of the few remaining water bodies in a state hit hard by India''s crippling drought.

Published 02 May, 2016 12:00am

Armed guards at India dams as drought leaves farmers dry

Armed guards at India dams as drought leaves farmers dry

As young boys plunge into a murky dam to escape the blistering afternoon sun, guards armed with guns stand vigil at one of the few remaining water bodies in a state hit hard by India's crippling drought.

Published 02 May, 2016 12:00am

Armed guards at India dams as drought leaves farmers dry

Armed guards at India dams as drought leaves farmers dry

As young boys plunge into a murky dam to escape the blistering afternoon sun, guards armed with guns stand vigil at one of the few remaining water bodies in a state hit hard by India's crippling drought.

Published 02 May, 2016 12:00am

Five years after Osama, al Qaeda down but far from out

Five years after Osama, al Qaeda down but far from out

Five years after the killing of Al-Qaeda chief Osama bin Laden, the network he founded is far from dead even if it has suffered a series of setbacks. Replaced as the pre-eminent global jihadist power by the Islamic State group, Al-Qaeda nonetheless remain

Published 02 May, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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CASA-1000 power transmission system: JWG holds meeting with World Bank, IFI reps in Turkiye today

CASA-1000 power transmission system: JWG holds meeting with World Bank, IFI reps in Turkiye today

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EV policy draft finalised: minister

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KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points

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NJHPP shutdown, Kanupp debt re-profiling: Consumers deprived of Rs60bn benefit: Nepra

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HVA Textile exports: this time, the growth is here to stay

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